Bitcoin MAJOR UpdatePlease review the current price action of BTC.
1. Bitcoin is still in the Ascending Channel
2. Just broke out of a small bull flag looking to test higher levels
3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels.
4. The top of the Channel is prices at 28-30K
5. Fear & Greed index is at an ATH.
6. Do NOT buy here
7. Expect a 20-40% Correction in the near future
8. Possible Alt Season During Correction - but not confirmed yet
Forming another leg up but the trend will end soon.
Crpyto
XRP- where to next?Ripple technicals on 4H timeframe:
- current price is trading between the triangle
- we can see that triangle's upper line represents strong resist which has been tested several times
- ripple is currently breaking it's support (0.587 ) represented by the green line
3 scenarios:
- price breaking 50 EMA , if it breaks 100 MA and triangle's support line possible fall to 0.48
- price staying above 50 EMA, continuation of consolidation between 0.58 and 0.65
- (too optimistic) big up movement, price breaking 0.68, bull run to the moon(but first 0.8)
Ripple "fundamentals":
- crypto market is in the consolidation phase , we don't know if BTC will be strong enough to break the 20 000 resist (in the long run it seems inevitable but in the short it seems like psychological resist at 20 000 is too strong)
- release of Spark - token of the Flare Network which XRP holders will be able to receive (exchange)
- Ripple Labs moving out of USA?
Lots of indecisivenes!
Bitcoin Technical resistancebitcoin is trading inside a giant yellow parallel channel with a minor green channel. Both the parallel channel are converging near 2017 high.
Price is rising high without correction. it can take u turn from here and retrace back to 38% retracement which is at a horizontal support level
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ETH/USD In up-trending channel looking for buy in opportunities for long-term portfolio.
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DCA is best approach for high risk asset classes. Only invest what you can lose.
Bitcoin 12 Month Candles Looking at the 12month candles we can see a pattern emerge , if we take a measurement from the wick of the of the previous all time high candle in 2013 down to the close of candle of 2016 you get a candle that closed 17% from the previous halving top , if history repeats itself then the yearly candle would close just above 0.236 fib at around 16800.
Yearly Candle Mirrors
2014 = 2018
2015 = 2019
2016 = 2020
2017 = 2021
The yearly candle of 2017 as well is important since it can show us a potential bottom for next year will it hit the 0.382 fib like last time , if so that would be a bottom of 12745 for 2021.
Does the cycle repeat? or does the theory of lengthen cycles come into play only time shall tell , one thing is for sure that the stock to flow is playing out exactly the same as last cycle.
www.lookintobitcoin.com
2nd Crypto purchase...Since I've joined the 'Crypto Family' lol, I've been doing my research. Since I've missed my chance to buy bitcoin when it was really cheap i went looking for alt coins. I've already bought into Chainlink, but now my second purchase is XLM, the Stellar Lumen. Unlike, COINBASE:XRPUSD , XLM target audience is different. One of the founder of XRP, is the founder of XLM. XRP sell alot of Ripple to banks and in my eye's it more centralized. XLM targets developing countries and provides a low cost fee transaction between currencies and doesn't aim to be profitable... ha Yeah right. So whilst XRP is being sold off to banks, XLM is just providing a service and setting a goal to being able to help the people more than making money. May be the new Western Union one day, you may never know. I just know that i'll be purchasing more crypto with the profits from forex :)
BTCUSD - Day trade by Keltner channel & ADX indicator* Risk 3% per Trade.
* Data backtest is maximum history bars/premium account.
* Commission = 0.07%/contrast.
* Slippage = 2 ticks.
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1. The basis Keltner Channel is 20.
2. ▲ Long trend is confirmed when the Close of candle crossover the Upper 2.
3. ▼ Down trend is confirmed when the Close of candle crossunder the Lower 2.
4. to entry if the medium ADX value crossovers 45 and the medium ADX (h1) > the slow ADX (h4).
5. Stop loss = Entry price +- (ATR(20)*2 ) * 1.624
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xrp master planNow people before you begin to think im crazy let me explain my theory, dxy is likely to fall from 94 down to 90. xrp price when dxy was at 91.5 was 0.34ish, if we get one more down leg in dxy to 90 i believe this makes the fair value of xrp around 0.39 at the 1.618 extension. this will be met with superior resistance. and price will melt away until another day.
LINK - Hell of a ride and a Profit makerLINK has done some good profits, and there is still room for more of it. Now is still in a correction wave, currently going up for max. few days (maybe 30%), then price can probably drop down to max. $1.15 or so... If that will be the end of the 4th wave, don't forget to buy a ticket ride :)
The grey arrow has a low possibility to go straight to 5.
Hit the LiKe if you LikE idea =)
BTCUSD 9713.81 -0.36% LONG IDEA Good Day Everyone
Here's an idea on BTCUSD pair, the ascending channel holds still on the 4H chart broke out of a descending channel withing the bigger channel retested the structure / level possibly signaling the bull are in control looking at higher time frames the sentiment is still the same the bulls are in control on the crypto hence will be looking for long entries on the pair as remains on Hunt for $10K as Holding Sentiment Gains Strength...
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Target 1 - 9948.29
Target 2 - 10252.18
SL & ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
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IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Half Moon Half Moon
Is it possible? , can the mind even fathom such a parabolic move?
Last week of November 2021 bitcoin could hit 33500 dollars on the way up pulling back 3 times to the 21 weekly moving average which is shown in red on the graph.
I won't predict anything historic. But nothing is impossible.